Competition heats up in the one-year space
Friday, 17 December 2010
TSB lifted its one-year deposit rate by 10 basis points last week and its offer of 5.35% for a minimum deposit of $10,000 is the best offered by a bank in New Zealand. Kiwibank is at 5.30% and ASB is also offering 5.30% for this term.
The above graph shows how these three banks have tracked over the past 12-months.
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